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CONTINUING SURETY AGREEMENT KNOW ALL MEN BY THESE PRESENTS: That as Principal, and, as Surety, hereby acknowledge ourselves to be jointly and severally bound unto the City of Fort Worth Water Department

How to fill out continuing surety agreement form

How to fill out continuing surety agreement form

1. To fill out the continuing surety agreement form, follow these steps:
2. Start by entering the name and contact information of the Principal, which is the person or entity assuming financial responsibility.
3. Provide the name and contact information of the Surety, who is guaranteeing the performance or payment obligations of the Principal.
4. Specify the Obligation being secured, such as a loan or contract.
5. Indicate the Effective Date, which is the date the agreement becomes enforceable.
6. Describe the terms and conditions of the agreement, including any specific obligations or requirements.
7. Include any necessary attachments or exhibits that support the agreement.
8. Review the completed form for accuracy and completeness.
9. Sign and date the agreement, along with any required witness signatures.
10. Keep a copy of the filled-out form for your records.
11. Submit the agreement to the appropriate party or organization, as instructed.

Who needs continuing surety agreement form?

1. A continuing surety agreement form may be needed by individuals or organizations involved in various transactions or agreements that require a guarantee of performance or payment.
2. Some examples of entities that may need a continuing surety agreement form include:
3. - Borrowers seeking a loan
4. - Contractors entering into a construction project
5. - Tenants leasing a property
6. - Suppliers providing goods or services on credit
7. - Individuals cosigning a loan for someone else
8. It is advised to consult legal counsel or a qualified professional to determine if a continuing surety agreement form is necessary for your specific situation.

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What is continuing surety agreement form?

A continuing surety agreement form is a legal document that outlines the obligations and responsibilities of a surety who agrees to be responsible for a principal's future debts or obligations.

Who is required to file continuing surety agreement form?

Typically, individuals or entities that act as sureties for the debts or obligations of another party are required to file the continuing surety agreement form.

How to fill out continuing surety agreement form?

To fill out a continuing surety agreement form, provide the required information about the principal, the surety, the nature of the obligations, and any terms or conditions specified in the agreement.

What is the purpose of continuing surety agreement form?

The purpose of the continuing surety agreement form is to legally document the surety's commitment to cover future obligations or debts incurred by the principal.

What information must be reported on continuing surety agreement form?

Information that must be reported includes the names and addresses of the surety and principal, the nature of the obligations, the maximum liability of the surety, and any terms governing the agreement.